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The comprehensive Engineering, Procurement and Construction Management (EPCM) Market Report spans over 119 pages, encompassing a complete Table of Contents, along with over 140 tables, figures, and charts. This report provides in-depth insights into the Engineering, Procurement and Construction Management (EPCM) industry, covering both the pre and post COVID-19 market landscape. It also presents a regional analysis of the industry's current situation. ( Ask for Sample Report )
Engineering, Procurement and Construction Management (EPCM) Market Report 2023 Analysis based on Applications (Mining, Oil and Cas, Infrastructure, Aviation, Others), Types (Engineering, Procurement, Construction Management), Segmentation analysis, Regions and Forecast to 2030. The Global Engineering, Procurement and Construction Management (EPCM) market Report provides In-depth analysis on the market status of the Engineering, Procurement and Construction Management (EPCM) Top manufacturers with best facts and figures, meaning, Definition, SWOT analysis, PESTAL analysis, expert opinions and the latest developments across the globe.
Years considered for this report: -
Historical Years: 2018-2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2030
Client Attention:
How will you analyse the competitional analysis between top key players included in the report? With the aim of clearly revealing the competitive state of the industry, we concretely analyse not only the leading plyers that have a voice on a global scale, but also the regional small and medium-sized players that play key roles and have plenty of potential growth. Key players in the global Engineering, Procurement and Construction Management (EPCM) market are covered in Chapter 3 and 8:
Petrofac Técnicas Reunidas Fluor Limited WorleyParsons KBR Larsen and ToubroÂHydrocarbon Engineering Ausenco Amec Foster Wheeler Stantec
Brief Picture About Engineering, Procurement and Construction Management (EPCM) Market:
Market Overview of Global Engineering, Procurement and Construction Management (EPCM) Market:
According to our latest research, the global Engineering, Procurement and Construction Management (EPCM) market looks promising in the next 5 years. As of 2022, the global Engineering, Procurement and Construction Management (EPCM) market was estimated at USD million, and itâs anticipated to reach USD million in 2028, with a CAGR during the forecast years.
In contrast to the EPC model, the EPCM contractor is not directly involved in the building and construction of the project, but is rather responsible for the detailed design and overall management of the project, on behalf of the owner or principal. The EPCM model can be regarded as a professional services contract.
The EPCM contractor is responsible for establishing contractual arrangements on behalf of the owner or principal with other contractors, vendors, sub-contractors and sub-vendors, through a tender process. The EPCM contractor has a duty to ensure that the engineering and design of the project is in compliance with the projects technical and functional specifications. Supervising, management and coordinating construction interface in accordance with a detailed schedule is the key responsibility of the EPCM contractor.
Advantages of the EPCM approach
The main advantage EPCM has for clients is the sense of ownership. EPCM allows for greater flexibility for the client, which can ultimately lead to a better overall outcome for the project. As the complexity of mega projects increases and labor, materials and professional resources become more difficult or expensive to source, owners will placing greater reliance on the expertise and skill of reputable and experienced Contractors to manage the delivery of their projects.
Demand growth of mining industry
Under the reality that oil and gas energy still dominate the economic development and the trend of diversified economic transformation, the mining industry is becoming a new hot spot for investment in the Middle East. Some Middle Eastern countries, represented by Saudi Arabia, are setting off their own investment boom in mineral industry.
Compared with EPC mode, the owner management burden is greater
Since EPCM relies on regular communication between the client and the engineering consultant company, there is the possibility for misunderstanding or for a gap to emerge with roles and responsibilities. In addition, the administrative burden of the owner directly negotiating and contracting with each of the contractors or suppliers is far greater than under EPC and significant demands are placed on the owner's skills and resources (although the EPCM contractor may be able to ease this burden). Interface risk and coordination between each contractor or supplier needs to be managed and this often sits with the owner.
Company Overview:
WorleyParsonsãTécnicas ReunidasãFluor Limited were the top 3 players in the Engineering, Procurement and Construction Management (EPCM) market in 2022, taking up a market share of 13.73%
together.
Worley Limited (formerly WorleyParsons Limited) is public listed company, deriving revenue from the provision of mining engineering, project management and consulting services to the energy, chemical and resource sectors.
Técnicas Reunidas, S.A. is a Spanish-based general contractor which provides engineering, procurement and construction of industrial and power generation plants, particularly in the oil and gas sector.
Segmentation Overview:
Engineering
EPCM contractor determines the scope of professional engineering process, formulates strategy, organization, plan, coordination and implementation.
Procurement
The engaged engineering consultants also manage the procurement process. This involves everything from technical quotation requests, organization of the tender process, pre-qualification of vendors, technical evaluation and recommendation of contractors, negotiations and much, much more.
Construction Management
The clientâs engineering consultants provide full construction management for the project from beginning to end. Comprehensive planning of the construction elements, costs, logistics and construction team; on-site management of contractors, individual operatives, equipment, services and office facilities all encompassed to effectively supervise the construction of the clientâs project through to completion.
As for product types, the Construction Management segment held the largest market share in 2021.
Application Overview:
By application, the Oil and Gas segment occupied the biggest shareÂfrom 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Engineering, Procurement and Construction Management (EPCM) market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Engineering, Procurement and Construction Management (EPCM) market?
As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters 1.7, 2.7, 4.1, 7.5, 8.7, we elaborate at full length on the impact of the pandemic and the war on the Engineering, Procurement and Construction Management (EPCM) Industry.
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What are the major applications and type of Engineering, Procurement and Construction Management (EPCM) Market? On the basis of product type this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
Engineering Procurement Construction Management
On the basis of the end users/applications this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:
Mining Oil and Cas Infrastructure Aviation Others
You will get detailed information regarding types and applications in Chapter 5 and 6.
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What is a major information sources?
Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Please find a more complete list of data sources in Chapters 11
Geologically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2017-2030) of the following regions are covered in Chapter 4 and Chapter 7:
North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Turkey etc.) Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Target Audience of Engineering, Procurement and Construction Management (EPCM) Market:
Manufacturer / Potential Investors Traders, Distributors, Wholesalers, Retailers, Importers and Exporters. Association and government bodies.
This Engineering, Procurement and Construction Management (EPCM) Market Research/Analysis Report give Answers to following Questions:
How Porter's Five Forces model helps you to study Engineering, Procurement and Construction Management (EPCM) Market? What Was Global Market Status of Engineering, Procurement and Construction Management (EPCM) Market? What Was Capacity, Production Value, Cost and PROFIT of Engineering, Procurement and Construction Management (EPCM) Market? What is the major industry objective of the report? What are the critical discoveries of the report? What are the TOP 10 KEY PLAYERS of Engineering, Procurement and Construction Management (EPCM) Market? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Engineering, Procurement and Construction Management (EPCM) Industry? On what Parameters Engineering, Procurement and Construction Management (EPCM) Market research is carried out? Which Manufacturing Technology is used for Engineering, Procurement and Construction Management (EPCM)? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? Which PLAYERS hold a LION's SHARE in the Engineering, Procurement and Construction Management (EPCM) Market? What is the market size and growth rate of Engineering, Procurement and Construction Management (EPCM) Market by various segmentation? What are the Key Industry Development in Engineering, Procurement and Construction Management (EPCM) Market?
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Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
Detailed Table Of Content of Global Engineering, Procurement and Construction Management (EPCM) Market Insights and Forecast to 2030
1 Introduction
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.4 Years Considered for the Study (2015-2030)
1.5 Currency Considered (U.S. Dollar)
1.6 Stakeholders
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Engineering, Procurement and Construction Management (EPCM) Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Engineering, Procurement and Construction Management (EPCM) Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Engineering, Procurement and Construction Management (EPCM) Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.4 Distributors/Traders
4.5 Downstream Major Customer Analysis (by Region)
5 Global Engineering, Procurement and Construction Management (EPCM) Market-Segmentation by Type
6 Global Engineering, Procurement and Construction Management (EPCM) Market-Segmentation by Application
7 Global Engineering, Procurement and Construction Management (EPCM) Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
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8 Competitive Intelligence Company Profiles
9 Global Engineering, Procurement and Construction Management (EPCM) Market-Segmentation by Geography
10 Future Forecast of the Global Engineering, Procurement and Construction Management (EPCM) Market from 2023-2030
10.1 Future Forecast of the Global Engineering, Procurement and Construction Management (EPCM) Market from 2023-2030 Segment by Region
10.2 Global Engineering, Procurement and Construction Management (EPCM) Production and Growth Rate Forecast by Type (2023-2030)
10.3 Global Engineering, Procurement and Construction Management (EPCM) Consumption and Growth Rate Forecast by Application (2023-2030)
11 Appendix
11.1 Methodology
12.2 Research Data Source
Continued....
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